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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$162,146$162,146$337,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$175,354$0
Funding fee$0$0$0
Note rate4.53%4.53%7.18%
Blended rate5.38%6.741%7.42%
1st payment$973.47$973.47$2,286.34
2nd payment$0.00$1,169.03$0.00
Taxes / mo$90.87$90.87$90.87
Insurance / mo$150.00$150.00$150.00
MI / mo$135.61$135.61$67.50
HOA / mo$103.00$103.00$103.00
Total monthly$1,452.96$2,621.99$2,697.71
Cash to close$212,854$37,500$37,500